The Prudential Series Fund

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INVESTMENT SUBADVISERS Each Portfolio of the Fund has one more more investment subadvisers providing the day-to-day investment management of the Portfolio. PI pays each investment subadviser out of the fee that PI receives from the Fund. The investment subadvisers for each Portfolio of the Fund are listed below: Investment Subadvisers Portfolio Conservative Balanced Portfolio Diversified Bond Portfolio Equity Portfolio Flexible Managed Portfolio Global Portfolio Government Income Portfolio High Yield Bond Portfolio Jennison Portfolio Money Market Portfolio Natural Resources Portfolio Small Capitalization Stock Portfolio Stock Index Portfolio Value Portfolio Investment Subadviser Prudential Investment Management, Inc. (PIM) Quantitative Management Associates LLC (QMA) PIM Jennison QMA PIM William Blair & Company LLC LSV Asset Management Marsico Capital Management, LLC T. Rowe Price Associates QMA PIM PIM Jennison PIM Jennison QMA QMA Jennison Descriptions of each Subadviser are set out below: Jennison Associates LLC (Jennison) is an indirect, wholly-owned subsidiary of Prudential Financial, Inc. As of December 31, 2008 Jennison managed in excess of $62 billion in assets for institutional, mutual fund and certain other clients. Jennison’s address is 466 Lexington Avenue, New York, New York 10017. Prudential Investments LLC (PI) See “HOW THE FUND IS MANAGED-Investment Manager.” Prudential Investment Management, Inc. (PIM) is an indirect, wholly-owned subsidiary of Prudential Financial, Inc. As of December 31, 2008 PIM had approximately $395 billion in assets under management. PIM’s address is Gateway Center Two, 100 Mulberry Street, Newark, New Jersey 07102. Quantitative Management Associates LLC (QMA) is a wholly owned subsidiary of Prudential Investment Management, Inc. (PIM). As of December 31, 2008, QMA managed approximately $53.5 billion in assets, including approximately $15.4 billion that QMA, as a balanced manager, allocated to investment vehicles advised by affiliated and unaffiliated managers. QMA’s address is Gateway Center Two, 100 Mulberry Street, Newark, New Jersey 07102. LSV Asset Management (LSV) was formed in 1994. LSV is a quantitative value equity manager providing active asset management for institutional clients through the application of proprietary models. As of December 31, 2008, LSV had approximately $40 billion in assets under management. LSV’s address is One North Wacker Drive, Suite 4000, Chicago, Illinois 60606. Marsico Capital Management, LLC (MCM) was organized in September 1997 as a registered investment adviser and is an independently-owned investment management firm. MCM provides investment services to mutual funds and private accounts and, as of December 31, 2008, had approximately $56 billion under management. Thomas F. Marsico is the founder, Chief Executive Officer and Chief Investment Officer of MCM. MCM’s address is 1200 17th Street, Suite 1600, Denver, CO 80202. T. Rowe Price Associates, Inc. (T. Rowe Price) and its affiliates managed approximately $276.3 billion in assets as of December 31, 2008. T. Rowe Price’s address is 100 East Pratt Street, Baltimore, Maryland 21202. William Blair & Company LLC (William Blair). Since the founding of the firm in 1935, William Blair has been dedicated to researching, financing and investing in high quality growth companies through four primary divisions: investment banking, sales and 55
trading, asset management and private capital. As of December 31, 2008, William Blair managed approximately $26 billion in assets. William Blair’s address is 222 West Adams Street, Chicago, Illinois 60606. PORTFOLIO MANAGERS Information about the portfolio managers responsible for the day-to-day management of the Fund’s Portfolios is set forth below. In addition to the information set forth below, the Fund’s SAI provides additional information about each Portfolio Manager’s compensation, other accounts managed by each Portfolio Manager, and each Portfolio Manager’s ownership of shares of the Fund’s Portfolios. Conservative Balanced Portfolio and Flexible Managed Portfolio Equity Segments QMA typically follows a team approach in the management of its portfolios. John Moschberger, Ed Keon and Joel Kallman are the members of QMA’s portfolio management team primarily responsible for the day-to-day management of the equity portion and asset allocation of the Conservative Balanced Portfolio. John W. Moschberger, CFA, is a Managing Director for Quantitative Management Associates (QMA). He manages the Dryden Stock Index Fund and its corresponding variable life and annuity portfolio, the Prudential Series Fund-Stock Index Portfolio. John manages both retail and institutional account portfolios benchmarked against the numerous domestic and international indices. He is also responsible for trading foreign and domestic equities, foreign exchange and derivative instruments. John previously worked as a Research Analyst with Prudential Equity Management Associates. John earned a BS in Finance from the University of Delaware and an MBA from Fairleigh Dickinson University and holds the Chartered Financial Analyst (CFA) designation. He has managed the Conservative Balanced Portfolio since 1998. Edward F. Keon is a Managing Director and Portfolio Manager for Quantitative Management Associates (QMA), as well as a member of the asset allocation team and the investment committee. In addition to portfolio management, Ed contributes to investment strategy, research and portfolio construction. Ed has also served as Chief Investment Strategist and Director of Quantitative Research at Prudential Equity Group, LLC, where he was a member of the firm’s investment policy committee and research recommendation committee. Ed’s prior experience was as Senior Vice President at I/B/E/S International Inc. Ed is a member of the Board of Directors of the Chicago Quantitative Alliance and sits on the Membership Committee of the Institute of Quantitative Research in Finance (Q- Group). He holds a BS in industrial management from the University of Massachusetts/Lowell and an MS in Finance and Marketing from the Sloan School of Management at the Massachusetts Institute of Technology. He begun managing the Conservative Balanced Portfolio in 2009. Joel M. Kallman, CFA, is an Investment Associate for Quantitative Management Associates (QMA). Joel is a portfolio manager and a member of the asset allocation team’s investment committee. He also conducts economic and market valuation research. Joel has also held various positions within Prudential’s fixed-income group, in areas such as high-yield credit analysis and performance reporting. He earned a BS and MBA in Finance from Rutgers University. He is also a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst (CFA) designation. He begun managing the Conservative Balanced Portfolio in 2009. Ed Keon, Joel Kallman and Stacie Mintz are primarily responsible for the day-to-day management of the equity portion and asset allocation of the Flexible Managed Portfolio. Mr. Keon and Mr. Kallman began managing the Flexible Managed Portfolio in 2009; their backgrounds are discussed above. Stacie L. Mintz is a Principal and Portfolio Manager for Quantitative Management Associates (QMA) and a member of the investment committee. Within the quantitative core equity team, Stacie is primarily responsible for overseeing large-cap equity mandates. She also manages the asset allocation of several retail and institutional portfolios, including a portion of Prudential’s pension plan. She earned a BA in Economics from Rutgers University and an MBA in Finance from New York University. Ms. Mintz has been managing the Flexible Managed Portfolio since 2006. Fixed-Income Segments Kay T. Willcox and Malcolm Dalrymple of the Fixed Income unit (Prudential Fixed Income Management; PFIM) of Prudential Investment Management, Inc. manage the fixed income segments of the Portfolios. 56
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MAY 1, 2009 PROSPECTUS The Prudenti
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THE PRUDENTIAL SERIES FUND Diversif
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THE PRUDENTIAL SERIES FUND Natural
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This prospectus discusses the follo
Page 9 and 10: INTRODUCTION ABOUT THE FUND AND ITS
Page 11 and 12: ■ prepayment risk The Portfolio i
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Page 15 and 16: a representative sample of the stoc
Page 17 and 18: PRINCIPAL RISKS Although we try to
Page 19 and 20: Foreign investment risk. Investing
Page 21 and 22: Market risk. Market risk is the ris
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Page 25 and 26: PAST PERFORMANCE Conservative Balan
Page 27 and 28: Equity Portfolio Annual Returns (Cl
Page 29 and 30: Global Portfolio Annual Returns (Cl
Page 31 and 32: High Yield Bond Portfolio Annual Re
Page 33 and 34: Money Market Portfolio Annual Retur
Page 35 and 36: Small Capitalization Stock Portfoli
Page 37 and 38: Value Portfolio Annual Returns (Cla
Page 39 and 40: EXAMPLE The following Example, whic
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Page 43 and 44: can’t guarantee success, and it i
Page 45 and 46: ■ ■ Repurchase agreements. The
Page 47 and 48: Government Income Portfolio The inv
Page 49 and 50: The Portfolio may also invest in ob
Page 51 and 52: unrated, of comparable quality in o
Page 53 and 54: ■ Illiquid securities The Portfol
Page 55 and 56: MORE DETAILED INFORMATION ABOUT OTH
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Page 59: HOW THE FUND IS MANAGED BOARD OF TR
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Page 75 and 76: FINANCIAL HIGHLIGHTS INTRODUCTION T
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Page 83 and 84: INVESTOR INFORMATION SERVICES: Shar
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The table below presents the amount
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NOTES TO THE FINANCIAL STATEMENTS O
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THE PRUDENTIAL VARIABLE CONTRACT RE
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NOTES TO THE CONSOLIDATED FINANCIAL
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Report of Independent Registered Pu
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Pruco Life Insurance Company Consol
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Pruco Life Insurance Company Consol
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Pruco Life Insurance Company Notes
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The Prudential Series Fund

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